Thursday, December 9, 2010

It’s official – Lotus Renault GP is a go for 2011!

After weeks of agonizing delay it has been officially confirmed that Group Lotus will come into Formula 1 next season with Genii Capital owner of the Renault F1 team. According to the press release Group Lotus have signed  a title sponsorship deal that will run till 2017.

As previous reports have suggested Group Lotus has purchased all of the leftover shares held by Renault. This new partnership between Group Lotus and Genii has given  birth to the Lotus Renault GP team. The team will uphold to have Renault as its engine supplier hence the reason why the French brand is in the team’s official name.

The press release also mentioned that Group Lotus will benefit kind significant technological and commercial opportunities for its range of road cars through the sponsorship. Furthermore it has also been confirmed that the team will do use of Lotus’ iconic black and gold colour scheme as the team’s official livery in 2011 as pictured in the artist impression above.

Interestingly Tony Fernandes’ Lotus Racing animal group also plans to do the same. This colour alliance was last seen in the 1980s

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